Residential property prices up by 1.8% nationally in the year to January

Residential property prices up by 1.8% nationally in the year to January

Residential property prices increased by 1.8% nationally in the year to January, according to the latest data from the Central Statistics Office (CSO).

This compares with an increase of 0.5% in the year to December and an increase of 5.2% in the twelve months to January 2019.

In Dublin, residential property prices increased by 0.5% in the year to January – house prices saw no change and apartments decreased by 2.1%. The highest house price growth in Dublin was in Fingal at 4.9%, while Dun Laoghaire-Rathdown saw a decline of 3.6%.

Residential property prices in Ireland excluding Dublin were 3.1% higher in the year to January, with house prices up by 3.5% and apartments by 0.1%. The region outside of Dublin that saw the largest rise in house prices was the Border at 9.2% – at the other end of the scale, the Mid-East saw a 0.4% rise.

Overall, the national index is 17.3% lower than its highest level in 2007. Dublin residential property prices are 21.4% lower than their February 2007 peak, while residential property prices in the Rest of Ireland are 20.6% lower than their May 2007 peak.

Property prices nationally have increased by 84.7% from their trough in early 2013. Dublin residential property prices have risen 94.7% from their February 2012 low, whilst residential property prices in the Rest of Ireland are 82.7% higher than at the trough, which was in May 2013.

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